Equitrust Life Insurance Fast Facts. Annual Reports. Your personal tax advisor can provide important . Of course, with so many different life insurance carriers in the marketplace (in the hundreds these days), you should be evaluating the carrier you plan to work with way before signing any paperwork. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. . Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. No flexibility and no interest in promoting anyone who won't play their mean girl games. Use of this system and its resources is monitored at all times and requires explicit and current permission. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Main customer service and claims reporting hotline has the following hours restrictions: Income tax-free benefits for beneficiaries, Approval based on medical questions but no exam required. Sales Week: EquiTrust ads bring business to your doorstep or inbox. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. reduce returns). We update our site regularly, and all content is reviewed by insurance experts. Plus, there are tax advantages to owning a fixed annuity. Size and financial strength arent big stand-out factors for this provider, but their unique line of insurance products gives this specialty company a solid niche market to work with for years to come. If youre a consumer who only wants to work with financially strong companies, youll be pleased with the EquiTrust life Insurance Company financial ratings: Additionally, EquiTrust has an A+ from the Better Business Bureau. For financial reporting, their fiscal year ends on December 31st. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. Type of Entity: Corporation. Carol Woodruff - Vice President, Information Systems - EquiTrust Life The EquiTrust Life Insurance Company first opened its doors for business in 1996. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. is in violation of the regulations of this system. The second, named WealthMax Bonus Life, is similar to the WealthSure Life product, but the growth is tied to stock market indices instead of current interest rates. Examination Reports | Iowa Insurance Division Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . Chris Huntley Therefore, the PDFs cannot be made available to state insurance regulators. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. Magic Johnson adds life insurance co. to empire - USA TODAY Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. These are the three product options currently available on the market: The first, named WealthSure LifeTM, is a single premium life insurance policy, meaning the premiums for the entire durationof the policy are due upon approval. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage Get a D&B Hoovers Free Trial. You can also request a quote from the company online. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. Privacy Policy. EquiTrust Life Insurance Company Guggenheim Partners - Wikipedia Full-Time. Personalized Illustrations. Money cant buy happiness, but purchasing a life insurance policy can give your loved ones the gift of financial security if you were to pass unexpectedly. I was hired just before the annual reporting with little to no training or guidance from management. A relative newcomer to the insurance industry, EquiTrust was established in 1996. advisors. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! Two multi-asset, risk-controlled index options provide an extra level of diversification. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. If youre looking for life insurance or annuities from an insurance company that makes its customers a priority, we strongly encourage you to work together with your independent insurance agent to survey all other options before settling on EquiTrust Life Insurance Company as your trusted carrier. The Certainty Select Annuity is EquiTrusts MYGA product. Financial Ratings. This annuity features both single life and joint life payout options. BestLifeRates.org, LLC. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. Learn more Related links form. These include the: With an index annuity, you have the opportunity to attain a nice return, based on an underlying market index (or more than one market index). You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Today, this company holds north of $17 billion in assets under management. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Home | Equitable For questions regarding cocodes please call us at: 816-783-8600. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. Many customers also trust EquiTrust to handle retirement income or wealth transfer. Access to every published model law, regulation, and guideline. The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance business, as well as in the life insurance, retirement, and investment products business in the United States and Canada. EquiTrust Client Portal Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: (816) 783-8400, For questions about the database & electronic filing: The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. For this reason, theyre not suitable to meet everyones insurance needs. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered. Sapiens IllustrationPro, Sapiens ApplicationPro and Sapiens DigitalSuite support EquiTrust Lifes key product offerings by providing comprehensive, new business illustrations with enhanced solutions for complex scenarios with split second calculations, and an interactive experience to reduce re-keying, resulting in fewer errors, faster time to decision and better engagement. Form Date Form Name Number Line Of Business; 2021/10/01: 1035 Exchange Instructions: 436-830.pdf: Annuity: 2011/04/01: 1-Year Avg Participation Index Account Specimen EquiTrust has primarily focused on two main product lines: These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. Applicant ages generally range between 60-80. Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP It is extremely important that all filings are accurate, complete, and timely. Advertiser Disclosure: We strive to help you make confident insurance decisions. Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Our insurance industry partnerships dont influence our content. It has also earned some pretty impressive accolades, including being recognized in 2017 and 2018 among the Wards 50 of top life and health insurance companies. Account Options. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) Raleigh, N.C., Jun21, 2022 Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that EquiTrust Life, a leading North American life and health insurance company, has selected Sapiens' award-winning suite of e-application, illustration and . Reviews from A.M. Best indicate an insurance companys financial strength and creditworthiness, and are based on comprehensive evaluations of the companys operating performance, business profile, and balance sheet. Have a question or request? There are no guarantees that working with an adviser will yield positive returns. EquiTrust Agent Portal This rating has decreased by -9% over the . To be among the Ward's 50, each company must pass all safety and consistency screens, and have achieved superior performance over the five years analyzed. Glassdoor gives you an inside look at what it's like to work at EquiTrust Life Insurance Company, including salaries, reviews, office photos, and more. American Republic - About Us EquiTrust Life Insurance Company - EquiTrust Life Insurance Company Copyright 2023 BestLifeRates.org, LLC. This policy stands apart because it is the combination of a life insurance policy and an annuity. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. So lets examine these policies closely to discover which one could be the best fit for your needs. 2. If you do not have permission, continuing to attempt to access this site and its resources Earvin Magic Johnson's Equitrust funds over $100 million for minority Adviser or provide advice regarding specific investments. (816) 783-8600. 1. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Revenue: $100 - $500 million See Exact Annual Revenue: Although not a giant, household name, EquiTrust Life Insurance Company has held a steady place within the life insurance industry since 1996, namely for its suite of indexed products. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. N-CEN: Filer Information - whalewisdom.com Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. The So, you can be sure that you and your spouse, partner, or other loved one can rely on income for the remainder of both of your lifetimes. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. AnnuityGator. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Compound annual growth in premiums between -10% and +40% . Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. Applicants must be between the ages of 45 and 80. Leave us a note in the comments - we love everything insurance! At Annuity Gator, we take the frustration out of shopping for annuities. Innovation is a key pillar within EquiTrust Life, and we felt that Sapiens digital tools would enable innovation much faster than any other competitor, while providing us industry insights and best practices, said Carol Woodruff, Vice President, Information Systems with EquiTrust Life. FBL Financial Group - Wikipedia Our annuity experts are also available to answer any of the question or concerns that you may have, whether you are just starting to shop for an annuity, or youve owned one for some time and you want to ensure that its still performing the way it was meant to. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. 10 of the Most Senseless Deaths of All Time, 5 Critical Tips Before You Buy Life Insurance, 5 Ways To Prepare Your Home For Wildfires, 7 Benefits of Life Insurance for the Wealthy, 8 Types Of Homeowners Insurance Policies, Massachusetts Mutual Life Insurance Review, Northwestern Mutual Life Insurance Review. Complete the financial statements using software from an approved vendor. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. Files on this page are PDF. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. Columbus, Ohio Area. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Susan Andersen - Assistant Vice President Marketing - EquiTrust Life There are many reputable life insurance companies in the market today that sell a wide variety of policies. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. The website also does not provide important information about claims processing. . EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. 1.9. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. When it comes to annuities, EquiTrust offers one-year renewable, multi-year, and index-linked accumulation products along with a single premium immediate payout annuity. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. Posted: January 19, 2023. Insurance Blog By Chris (IBBC) was founded by life insurance agent Chris Huntley in 2008 to help educate and inform consumers on some of the most complicated aspects of insurance. 2021 Annual Report to Stockholders. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. PDF LIFE INSURERS Report Date Company Count - dbr.ri.gov Equitrust Life Insurance Company Inc - Dun & Bradstreet FBL Financial Group, headquartered in West Des Moines, Iowa, is a holding company whose primary operating subsidiaries are Farm Bureau Life Insurance Company and EquiTrust Life Insurance Company. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. For more information visit https://sapiens.com or follow us on LinkedIn. law requires a life insurance producer to submit a form and pay a fee within 30. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. If you are looking for a company that supports positive action, youll be pleased to know that EquiTrust actively engages with the surrounding area to make it a better place for all who live there. Offers life insurance and annuities. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. The rating was last updated on 09/09/2022. Explore future meetings and access past event documents. Avoid market losses - guaranteed. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. 2023, Consumer Agent Portal, LLC. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips.
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